Unisys (NYSE:UIS) Rating Lowered to Strong Sell at Zacks Research

Unisys (NYSE:UIS) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday, Zacks reports.

Other analysts have also recently issued research reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a research note on Thursday. Needham & Company LLC reduced their price target on shares of Unisys from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.00.

Unisys Stock Performance

Unisys stock traded down $0.04 during trading on Thursday, reaching $2.21. The company had a trading volume of 524,214 shares, compared to its average volume of 686,492. The firm has a market capitalization of $160.79 million, a PE ratio of -0.37, a price-to-earnings-growth ratio of 0.33 and a beta of 1.97. The firm’s 50-day simple moving average is $2.50 and its 200 day simple moving average is $2.96. Unisys has a 1-year low of $1.97 and a 1-year high of $4.98.

Unisys (NYSE:UIS) last posted its quarterly earnings data on Wednesday, July 29th. The information technology services provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The company had revenue of $473.50 million for the quarter, compared to analyst estimates of $448.92 million. Unisys had a negative return on equity of 14.09% and a negative net margin of 21.65%. Analysts anticipate that Unisys will post 0.45 EPS for the current year.

Insider Buying and Selling

In other Unisys news, CAO David Brown sold 10,553 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $2.54, for a total value of $26,804.62. Following the transaction, the chief accounting officer directly owned 103,558 shares of the company’s stock, valued at $263,037.32. This trade represents a 9.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 11.56% of the company’s stock.

Institutional Investors Weigh In On Unisys

Large investors have recently made changes to their positions in the stock. Cetera Investment Advisers purchased a new position in Unisys during the first quarter worth approximately $26,000. Abel Hall LLC acquired a new position in Unisys during the first quarter worth $27,000. WINTON GROUP Ltd acquired a new position in Unisys during the second quarter worth $48,000. Royal Bank of Canada grew its holdings in Unisys by 487.1% in the 1st quarter. Royal Bank of Canada now owns 14,032 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 11,642 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Unisys in the 4th quarter valued at $68,000. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

Unisys Company Profile

Unisys Corporation (NYSE: UIS) is a global information technology services and solutions company that helps organizations modernize and manage their technology environments. Its offerings include cloud and infrastructure services, digital workplace solutions, cybersecurity, application modernization, and business process services.

The company provides technology consulting, systems integration, managed services, and support for enterprise computing environments. Unisys also develops specialized solutions for areas such as digital identity, secure infrastructure, transportation, government services, and other industries with complex technology and security requirements.

Unisys was formed in 1986 through the merger of Burroughs Corporation and Sperry Corporation, two established computer companies.